Following a successful visit to the kingdom of Saudi Arabia with top executives of Saudi Aramco in Dhahran, Khalid Al Falih, Saudi's Minister of Energy Industry and Mineral Resources has hinted on the possibility of establishing a refinery in Nigeria. The disclosure was made during a meeting with Nigeria’s Minister of State for Petroleum Resources, Dr Ibe Kachikwu in Riyadh.
Saudi Arabia has hinted Kachikwu who affirmed the Saudi oil minister’s position said Nigeria was looking towards Saudi Arabia because of the country’s successes in the sector.
“We want to leverage on the huge success of Saudi government in terms of petroleum. Last year alone Saudi Aramco, an equivalent of NNPC made about $200 billion as profit.
“We have a lot of common ground, historical ties, and religious ties and there’s a need to move further. We cooperate a lot with one another in OPEC especially in the Ministry of Energy,” Kachikwu was quoted as saying.
The minister was received by the President and Chief Executive Officer of Saudi Aramco, Amin H. Nasser and top management of the conglomerate.
